3 TSX Growth Companies With Up To 21% Insider Ownership

As the Canadian TSX rebounds with over a 5% increase amid easing inflation and positive economic data, investors are closely watching how central banks' rate-cutting cycles will shape market sentiment. In this environment, growth companies with significant insider ownership can be particularly appealing, as they often indicate strong confidence from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.6%	70.7%
Allied Gold (TSX:AAUC)	22.5%	73.6%
Almonty Industries (TSX:AII)	17.7%	117.6%
goeasy (TSX:GSY)	21.5%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	72.4%
Payfare (TSX:PAY)	14.7%	37.7%
Ivanhoe Mines (TSX:IVN)	12.4%	72.4%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
ROK Resources (TSXV:ROK)	16.6%	156.2%
Alpha Cognition (CNSX:ACOG)	17.9%	69.5%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. explores, evaluates, and develops precious metals projects in Morocco and has a market cap of CA$2.02 billion.

Operations: Aya Gold & Silver's revenue primarily comes from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.

Insider Ownership: 10.2%

Aya Gold & Silver has demonstrated strong growth potential with significant insider ownership. Recent Q2 2024 earnings showed a substantial increase in net income to US$6.84 million from a net loss last year, reflecting robust performance. The company’s revenue is forecasted to grow at 44.9% annually, outpacing the market, and earnings are expected to rise by 60.9% per year. Insider buying has been substantial recently, indicating confidence in future prospects despite some past shareholder dilution.

• Click here and access our complete growth analysis report to understand the dynamics of Aya Gold & Silver.
• Our comprehensive valuation report raises the possibility that Aya Gold & Silver is priced higher than what may be justified by its financials.

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market cap of CA$24.13 billion.

Operations: Ivanhoe Mines Ltd. generates revenue through its mining, development, and exploration of minerals and precious metals primarily in Africa.

Insider Ownership: 12.4%

Ivanhoe Mines exhibits strong growth potential with high insider ownership. Despite a drop in Q2 2024 net income to US$76.4 million from US$92.04 million a year ago, the company’s revenue is projected to grow at 84.4% annually, significantly outpacing the Canadian market. The recent completion of the Phase 3 concentrator at Kamoa-Kakula ahead of schedule positions Ivanhoe for increased production capacity and profitability, although past shareholder dilution remains a concern.

• Navigate through the intricacies of Ivanhoe Mines with our comprehensive analyst estimates report here.
• Insights from our recent valuation report point to the potential undervaluation of Ivanhoe Mines shares in the market.

TerraVest Industries (TSX:TVK)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: TerraVest Industries Inc. manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States with a market cap of CA$1.78 billion.

Operations: The company's revenue segments include Service (CA$201.78 million), Processing Equipment (CA$117.58 million), Compressed Gas Equipment (CA$243.77 million), and HVAC and Containment Equipment (CA$292.90 million).

Insider Ownership: 21.9%

TerraVest Industries demonstrates strong growth potential with high insider ownership. Recent earnings reports show significant revenue and net income growth, with Q3 2024 revenue at C$238.13 million compared to C$150.36 million a year ago, and net income rising to C$11.92 million from C$7.97 million. Despite no substantial insider buying in the past three months, the company’s earnings are expected to grow significantly over the next three years, outpacing the Canadian market average of 14.9% annually.

• Get an in-depth perspective on TerraVest Industries' performance by reading our analyst estimates report here.
• The valuation report we've compiled suggests that TerraVest Industries' current price could be inflated.

Turning Ideas Into Actions

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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

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